Wilko store closures 2023: Wilko goes into administration?
3 August 2023, 15:06 | Updated: 10 August 2023, 10:44
Is Wilko closing down? Latest news as retailer updates shoppers on store closures.
Wilko has formally collapsed into administration, appointing PwC to lead the process, as 12,000 jobs are put at risk.
The popular high street shop, best known for selling homeware goods, currently has over 400 stores across the UK and employs 12,000 members of staff.
- Listen on Global Player: Spencer & Vogue. Spencer Matthews and Vogue Williams let you know what they’re doing, thinking, and disagreeing on every week
Here's everything we know so far.
Is Wilko closing down?
Wilko has officially entered administration, appointing administrators PwC to guide the proceedings, putting 12,000 jobs at risk.
In its efforts to secure a viable rescue agreement, the retailer had been actively pursuing a solution after filing a notice of its intent to designate an administrator last Thursday.
In a statement, CEO Mark Jackson said: "Over the past six months Wilko has been very open that we’ve been considering options to accelerate a turnaround plan given that we needed to make significant changes to the way we operate to restore confidence and stabilise our business.
“We left no stone unturned when it came to preserving this incredible business but must concede that with regret, we’ve no choice but to take the difficult decision to enter into administration.”
Which Wilko stores are closing down?
It is unclear at this time which stores will close and on what timescale.
Who owns Wilko?
Wilko is a privately-owner goods retailer which was founded in 1930 in Leicester by James Kelsey Wilkinson.
The company is still owned by the Wilkinson family today.
It was in talks with private equity firms Laura Ashley-owner Gordon Brothers, Bensons for Beds-owner Alteri, and OpCapita, as well as a rival retailer. Those discussions ultimately failed, leading Wilko to formally appoint PwC.
- Boots store closures: Full list of UK locations as first shops close
- Primark launches click and collect at 32 more stores across the UK
- Shein reveal plans to open 30 shops including UK locations